There is a need to enhance the traditional model of care.
Currently, 80 percent of individuals 65+ have at least one chronic condition; 77 percent have at least two. With the 65+ population projected to almost double to 98 million in 2060, health care organizations are rethinking the way in which they deliver care and the costs associated with it.1
In fact, the cost to treat chronic conditions alone is 3.5 times higher than that of other conditions and accounts for 80% of all hospital admissions.2
The cost of not delivering connected care is high.
Over the next 25 years, remote patient monitoring (RPM) is expected to save $200B in healthcare costs globally.3
Cost savings from RPM alone would mean reduced hospital readmissions, in-person visits, penalties and fees, emergency department visits and other clinician visits – a huge cost savings for hospitals and other health care organizations. And, improved quality of life for patients as well as their caregivers.
The cost of not participating could mean higher risk of death for patients with chronic care conditions, larger incurred costs for both the patient and the organization – not only at the time of incident and intervention – but over the lifespan of the patient.
There is a solution.
And, there is reimbursement.
As the cost of care continues to rise, hospitals and health systems are still challenged with improving care, while reducing costs.
New CMS coverage policy and billing codes for 2019 already allow for reimbursement to clinicians for RPM. And, changes in Medicare Advantage plans could provide other reimbursement opportunities in 2020, allowing for the expansion of RPM services for these members.
Reimbursement along with the other benefits of RPM could mean critical financial savings.
If you have ever considered an RPM program or have thought about switching to a new vendor, we should talk.
Together, we can prepare for this increasing need for connected health, deliver better patient care, and improve patient safety through a strategic partnership.
How we will achieve this.
• Data driven insights for informed decisions
• Better outcomes with higher patient engagement
• Improved care coordination and provider workflow for operational success
• Turnkey solutions
• Flexible programs to fit your organizational needs
• Competitive pricing, private pay options available
• Logistics management
• EHR integration available
Simplified setup. Simplified logistics. Simplified support.
We would enjoy the opportunity to speak with you to learn more about your organizational needs and to answer any questions you have regarding CMS reimbursement, our products and/or pilot opportunities.
For more information or to set-up a complimentary consultation, please fill out our form below.
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